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    Cash Book Classwork

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    409005091
    1) Jose Choice Meats is owned by Jose Martinez who started May with $475 cash and $2,890 in the bank. 2) During May the butcher shop had various cash and credit transactions including buying and selling meats and seafood. 3) By May 30th, Jose had $260 cash and transactions were made to pay expenses like wages, utilities, and repairs.

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    Cash Book Classwork

    Uploaded by

    409005091
    214 views2 pages
    1) Jose Choice Meats is owned by Jose Martinez who started May with $475 cash and $2,890 in the bank. 2) During May the butcher shop had various cash and credit transactions including buying and selling meats and seafood. 3) By May 30th, Jose had $260 cash and transactions were made to pay expenses like wages, utilities, and repairs.

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    1) Jose Choice Meats is owned by Jose Martinez who started May with $475 cash and $2,890 in the bank. 2) During May the butcher shop had various cash and credit transactions including buying and selling meats and seafood. 3) By May 30th, Jose had $260 cash and transactions were made to pay expenses like wages, utilities, and repairs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    214 views2 pages

    Cash Book Classwork

    Uploaded by

    409005091
    1) Jose Choice Meats is owned by Jose Martinez who started May with $475 cash and $2,890 in the bank. 2) During May the butcher shop had various cash and credit transactions including buying and selling meats and seafood. 3) By May 30th, Jose had $260 cash and transactions were made to pay expenses like wages, utilities, and repairs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1. Jose Choice Meats is a butcher shop owned and operated by Jose Martinez.

    On 1 May 2015 he presented the following


    information:

    Cash in Hand $475


    Deposited at Bank $2 890

    During the month of May the following transactions occurred:

    May 2 Tasteful Restaurant bought fish on credit worth $900, less a 10 per cent frequent buyer discount.

    May 3 Sold $145 worth of


    lamb for cash. May 5 Paid
    $510 for electricity by cheque.
    May 5 Paid shop assistant $580 cash for wages.
    May 9 Mr Martinez cashed a business cheque for $1 360, from which he paid a $360 water bill for his home. The
    balance remained in his cash till.

    May 11 Sold $1 500 worth of seafood on credit to Joyce T.

    May 15 Bought $1 700 worth of meats from Wholesale Suppliers on credit; the given terms were
    5/10, n/30. May 21 Joyce T settled her account by cash, earning a 3% discount.
    May 22 Tasteful Restaurant settled its account in full,
    by cheque. May 23 Paid shop assistant $580 by cheque
    for wages.
    May 24Settled Wholesale Suppliers’ account in full, by cheque. May 30 Paid $260 in cash for some repairs to the shop
    Dis Cash Bank Dis Cash Bank
    Date Particulars Fo All’d Date Particulars Fo
    $ $ Rec'd $ $

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